HAMILTON HEALTH CARE SYSTEM INC (EIN 581519913) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JEFFREY D MYERS

Phone

7062726115

Tax Period

2023-10-01 to 2024-09-30

HAMILTON HEALTH CARE SYSTEM INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $26.8M in total revenue in fiscal year 2023. Expenses of $34.8M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE SUPPORT FOR AFFILIATED TAX-EXEMPT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $981,671

Program Service Revenue $19,892,681

Investment Income $4,920,995

Other Revenue $1,019,935

TOTAL REVENUE $26,815,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,608,046

Fundraising Expenses $0

Program Expenses $34,248,305

Other Expenses $17,177,585

TOTAL EXPENSES $34,785,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,815,282	$24,914,455	+0.1%
Expenses	$34,785,631	$24,732,683	+0.4%
Net Income	$-7,970,349	$181,772	-44.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

136

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,767,918

Total Directors

$2,477,763

Key Employees

$2,470,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G LAMAR LYLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DON W ADCOCK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT M CHANDLER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES N DOBBINS JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT K ESTES JR	TRUSTEE	1.00	Director	$0	$0	$0
J DAVID GREGG	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL C HARTLEY MD	TRUSTEE	1.00	Director	$0	$38,072	$803,945
ERIC E JENSEN MD	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN E MCALLISTER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
GARY A MIDDLETON	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY D MYERS	PRESIDENT/CEO	40.00	Officer Director	$1,554,539	$119,279	$1,673,818
JOHN P NEAL III	TRUSTEE	1.00	Director	$0	$0	$0
HENRY C THARPE JR	TRUSTEE	1.00	Director	$0	$0	$0
JULIE A SOEKORO	CFO/TREASURER	40.00	Officer	$701,558	$109,497	$811,055
RANDALL F FOSTER	ASSISTANT TREASURER	40.00	Officer	$250,878	$13,002	$263,880
SANDRA D MCKENZIE	PRESIDENT OF OPERATIONS	40.00	Officer	$962,708	$56,457	$1,019,165
VALERIE BRANTLEY	VICE PRESIDENT	40.00	Key Emp	$670,365	$47,949	$718,314
JOHN FORRESTER	VICE PRESIDENT/CIO	40.00	Key Emp	$447,472	$26,399	$473,871
TYLER S KENDALL	VICE PRESIDENT	40.00	Key Emp	$371,167	$21,462	$392,629
LISA LOVELACE	VICE PRESIDENT	1.00	Key Emp	$535,098	$48,610	$583,708
KRISTINE GODFREY	VICE PRESIDENT	12.00	Key Emp	$278,652	$23,747	$302,399
TODD HARRISON	EXEC, DIR, GOV'T & COMMUNITY AFFAIRS	40.00	Highest	$228,333	$15,047	$243,380
ALANA SULLIVAN	DIRECTOR OF CORPORATE COMPLIANCE	40.00	Highest	$221,524	$11,425	$232,949
SAVANNAH MOORE	DEPUTY GENERAL COUNSEL	40.00	Highest	$199,658	$12,327	$211,985
STEVEN P BRIDENSTINE	DIRECTOR FINANCE	40.00	Highest	$196,052	$1,111	$197,163
TRAVIS HOLLY	GENERAL COUNSEL	40.00	Highest	$182,428	$10,390	$192,818

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$26,815,282	$34,785,631	$115,187,487	$-7,970,349
2023	$24,914,455	$24,732,683	$151,459,629	$181,772
2022	$23,044,702	$25,554,801	$135,712,006	$-2,510,099
2021	$25,063,501	$18,165,204	$145,238,251	$6,898,297
2020	$21,817,531	$15,726,179	$131,688,847	$6,091,352
2019	$23,012,608	$20,240,663	$132,703,248	$2,771,945
2018	$22,687,362	$20,289,330	$142,110,759	$2,398,032

HAMILTON HEALTH CARE SYSTEM INC